HQY vs INTA: Correlation
Measured on weekly returns over the past three years, HealthEquity, Inc. (HQY) and Intapp, Inc. (INTA) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQY and INTA?
Over the past 3 years, HQY and INTA moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 781.9 %².
INTA is one of the assets that tracks HQY most closely: it ranks #2 out of the 14 assets we track against HQY. Over the last 12 months HQY came out ahead by 13.9 percentage points (+6.1% against -7.8%). One caveat on sizing: INTA is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HQY vs INTA: side by side
| HQY (HealthEquity, Inc.) | INTA (Intapp, Inc.) | |
|---|---|---|
| 1-year return | +6.1% | -7.8% |
| 5-year return | +45.4% | +24.6% |
| Volatility (ann.) | 32.9% | 55.5% |
| Beta vs S&P 500 | 0.63 | 1.45 |
| Max drawdown (3Y) | -36.1% | -74.2% |
| Market cap | $7.7B | $3.3B |
| P/E (trailing) | 39.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQY | INTA |
|---|---|---|
| 2022 | +39.3% | -0.9% |
| 2023 | +7.6% | +52.4% |
| 2024 | +44.7% | +68.6% |
| 2025 | -4.5% | -28.5% |
| 2026 | +1.9% | -4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQY and INTA good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HQY and INTA?
The HQY/INTA correlation stands at 0.43 on a 3-year window (1 year: 0.50, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is INTA a good diversifier for HQY?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hqy-vs-inta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hqy-vs-inta/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HQY correlations · INTA correlations
